Navigating the Shadow Fleet: Sanctions and Russian Oil

Since the start of the war in Ukraine, Russia has generated over 900 billion euros from fossil fuel exports – funds that have helped sustain its military aggression. To circumvent Western sanctions on oil trade, it had to build a ‘shadow fleet’ of hundreds of old oil vessels.

Led by Follow the Money’s Birte Schohaus, Jesse Pinster and Dimitri Tokmezis, an international team of investigative reporters has followed the money trail of the shadow fleet. They revealed – amongst others – that Western shipowners have profited significantly, earning over 6 billion dollars from the sale of oil tankers to Russia’s shadow fleet.

Related stories ➪
https://www.ftm.eu/articles/who-is-behind-the-russian-shadow-fleet

https://www.ftm.eu/articles/infrastructure-northsea-european-companies-russian-mapping

https://www.ftm.eu/articles/north-sea-3-interview-with-christian-bueger

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